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Borrows £10,000 over 5 years simple interest rate of 15%

Borrows £10,000 over 5 years simple interest rate of 15%
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Borrows £10,000 over 5 years simple interest rate of 15%

User Robert Jacobs
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1 Answer

4 votes

Answer:


{ \tt{simple \: interest = p * r * t}} \\ = 10000 * 15\% * 5 \\ = £7500

User Teeknow
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